Money Counts A Financial Literacy Series Money and

Money. Counts: A Financial Literacy Series Money and Nutrition 11 -A Grange Building University Park, PA 16802 financialliteracy. psu. edu finlit@psu. edu 814 -863 -0214

• Equipping the ability to make sound, informed decisions is the key in managing money and nutrition. Module Description • This includes acquiring knowledge and skills, setting goals, planning, re -evaluating values, taking actions, and changing behaviors to reach a life of financial well-being and health.

• Discuss the basic concepts of money and nutrition Learning Outcomes • Recognize common elements between budget and diet management • Distinguish major determinants of food choices • Identify different ways shop for healthy foods while saving money • Explain what nutrition management can teach us about money management

Why Discuss Nutrition and Money? gui The biggest hurdle to healthy eating is … TIME & MONEY

How are “budgeting” and “dieting” similar? Knowledge Action Behavior Financial Literacy

How are “budgeting” and “dieting” similar? Knowledge Action Behavior Healthy Lifestyle

Can You Really Eat Healthy on a Budget? Pay now? or Pay later?

Healthy Lifestyle can help you to • Control Weight • Improve Mood • Boost energy • Combat disease • Improve longevity

Personal Health & Fitness Economic & Environmental Social & Cultural What factors guide our food choices? Marketing & Advertising

Create an eating plan that fits your budget? Create a budget that fits your eating plan? Either way, you need a budget! Income Expenses

Income Budget 1. Saving 10. 00% 2. Housing 30. 00% 10. 00% 3. Utilities 5. 00% 30. 00% 4. Food 20. 00% 5. Transportation 10. 00% 6. Entertainment 5. 00% 20. 00% 5. 00% 7. Debt 10. 00% 8. Other 10. 00%

Nutrition Budget Meats, Beans, Nuts, Seeds 25. 00% 10. 00% 25. 00% Vegetables 20. 00% Fruits 15. 00% 10. 00% Carbs & Grains 15. 00% 20. 00% Dairy 10. 00% Drinks 10. 00% 15. 00% Junk Food 5. 00%

Find balance between money and nutrition

How to save money and shop for healthy foods • Plan: Plan ahead before you shop • Purchase: Shop for healthy foods • Prepare: Make costcutting nutritious meals

PLAN Shop for healthy foods

Planning is the most important step You may currently be doing this “backwards” What can you do? • • Shop in your own fridge, freezer, pantry, etc. first • Plan meals for the week: be realistic about dining out Make an inventory of things you need to use up Figure out what’s on sale at supermarkets Make a list of ingredients you have and ones that are on sale

PURCHASE Plan ahead before you shop

Tips for shopping • If something is on sale that you usually buy, get 2 or 3 (be reasonable) • Avoid processed foods • Compare per unit pricing for the best deal • Buy in-season fruits and produce, visit farmer’s markets • Frozen veggies carry the same nutrients as fresh Go for a shopping challenge: Only one store, once per week!

PREPARE Make cost-cutting nutritious meals

• Learn to cook! • Plan your meals on the fridge on a whiteboard, stick to it! • Be realistic with your schedule • Prep healthy snacks • Freeze leftovers from big meals for an easy meal later • Store successful recipes in a notebook or binder • Collection of “go to” healthy foods that you know you love

How to Deal with Other Challenges? • Time: Set aside time at beginning of week to meal plan & prep • Motivation: Focus on your “why”. Achieve a healthy weight, have more energy, etc. • Balancing Health & Social Events: Scope out menus in advance to make a solid healthy choice, treat yourself on occasion • Too exhausted: Change one small thing in your daily life • Where do I start? Start small. Focus on incorporating real food, swap a cookie for a banana, sodas for water

Quick Tips

What can nutrition management inform us about budget management? 1 2 3 4 5 Collect reliable information Gain a complete understanding Set goals Honor your goals and commitments Be realistic

How Are Money Management and Nutrition Management Different?

How can I budget my meal points? (cont. )

How can I budget my meal points?

Quick Tips Instead of buying bottles of water for over $1, use a reusable water bottle and fill it up at the filling stations found all over campus Instead of treating yourself to Starbucks, settle for coffee in your commons to save a lot When swiping into the all you can eat at commons, eat a full meal and then grab a banana to go, you can save it for tomorrow’s breakfast. Budget a certain amount to buy groceries/snacks each week to spend less meal points. For example, get a box of 10 packets of oatmeal for $2 -4 to provide 10 breakfasts Make healthy choices that will keep you full and energized!

Money. Counts: A Financial Literacy Series Comments and questions 11 -A Grange Building University Park, PA 16802 financialliteracy. psu. edu finlit@psu. edu 814 -863 -0214